It’s entirely possible that capitalism and climate change are not compatible. They just cannot seem to live together, kinda like a marriage on the rocks. Assuming the planet is headed for a 2C climate event in the not so distant future, some kind of separation is probably necessary to avoid planetary dystopia and chaos.
A solution of sorts is often whispered in the hallowed halls of academia, and it is scribbled in obscure blogs, suggesting the abolishment of capitalism as the best way to help rid the planet of an existential threat of RGW (runaway global warming). But, that is kinda outrageous and silly and, well, it just doesn’t seem possible.
Still, capitalism plays too rough for the sensitive planet. In reality, Earth doesn’t stand a chance against the forces of capitalism. What to do?
In point of fact, the world order is deeply ingrained in unabashed capitalism, the pandering, plundering type that chews up and spits out any form of interference as quickly as one can say Milton ‘laissez-faire’ Friedman: Slash taxes, throw-out regulations, transfer public assets into private hands, cut welfare benefits, degrade schools, and infinite growth as the universal fixit.
But, it’s worth noting as for Friedman’s long-standing position that government should not interfere with private biz, Allen Sinai chief global economist for Decision Economics, Inc, discussing Friedman’s free-market dogma vis a vis the 2008 economic…